Brian T. Hamilton, President and Director of Coastal Financial Corp (CCB), reported a sale of 1,708 common shares on 09/15/2025 at a reported price of $109.10 per share, reducing his beneficial ownership to 84,701 shares. The Form 4 was signed by an attorney-in-fact on 09/17/2025.
The filing discloses the composition of Mr. Hamilton's equity holdings under the 2018 Omnibus Incentive Plan: 18,605 restricted stock units (RSUs) vesting monthly through April 30, 2028; 23,226 performance-based RSUs eligible to vest monthly beginning October 1, 2024 through April 30, 2028 subject to continuous employment and stock-price conditions; 15,000 performance-based RSUs eligible to vest April 30, 2028 contingent on return-on-equity versus peers; and 669 RSUs vesting in four remaining installments. Each RSU converts to one share upon vesting.
Coastal Financial Corp (CCB) director Stephan Klee reported a sale and ongoing holdings. On 09/15/2025 he disposed of 4,350 shares of common stock at $109.14 per share. Following that transaction he is reported to beneficially own 1,661 shares directly and 1,119 shares indirectly through SK Trail LLC, for a total of 2,780 shares. The filing also discloses that 1,661 restricted shares were granted under the 2018 Omnibus Incentive Plan and vest one day prior to the issuer's 2026 Annual Shareholder Meeting.
The form is signed by an attorney-in-fact on behalf of the reporting person and shows a single reporting person filing. All information is limited to the transactions and holdings disclosed on the form.
Coastal Financial Corp (CCB) CEO and director Eric M. Sprink reported sales of company common stock under a pre-established Rule 10b5-1 plan adopted June 5, 2025. The filing shows three open-market sales: 10,500 shares on 09/15/2025 at $108.82, 4,000 shares on 09/16/2025 at $107.90, and 5,000 shares on 09/17/2025 at $110.21. After these transactions the reporting person disclosed 221,694 shares beneficially owned (direct), plus indirect holdings of 400 shares each held by three custodians for children and 885 shares held by spouse. The filing also notes inclusion of 38,508 time-based RSUs with staggered vesting and 100,000 performance-based RSUs that vest October 4, 2027, subject to performance goals.
Form 144 filed for Coastal Financial Corp (CCB): The filing notifies a proposed sale of 4,350 shares of Common Stock on 09/15/2025 through broker Stifel Nicolaus & Company Inc on Nasdaq with an aggregate market value of $474,742.00. The filer reports owning/disposing of securities that were acquired as 6,011 Restricted Stock Units on 05/28/2025 with 6,011 units listed as the amount acquired and cash as the payment nature. The issuer has 15,109,090 shares outstanding per the form. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information and reminders about Rule 10b5-1 trading plans and criminal penalties for misstatements.
Form 144 filed for ticker CCB discloses a proposed sale of 1,708 shares of common stock through Stifel Nicolaus & Company, with an aggregate market value of $186,350. The shares represent a small fraction of the reported 15,109,090 shares outstanding. The securities were acquired as restricted stock units on 05/28/2025 and paid in cash on the same date. The approximate date of sale is listed as 09/15/2025. The filing does not identify the specific issuer name or the individual for whose account the sale is to be made; that information is absent from the provided form content.
Coastal Financial Corporation reported that Curt T. Queyrouze resigned as President of its subsidiary, Coastal Community Bank, effective September 12, 2025, to pursue other professional opportunities. The company stated that his resignation is not due to any disagreement with Coastal or its Board of Directors, which signals an orderly leadership transition rather than a conflict-driven departure.
In connection with his resignation, Mr. Queyrouze will forfeit all outstanding equity awards and receive a lump sum cash payment of $155,000. The filing does not name a successor in this excerpt, but confirms that normal reporting obligations are being followed through this current report.
Brian T. Hamilton, a director and the President of Coastal Financial Corporation (CCB), reported a transaction dated 08/29/2025 on Form 4. The filing shows 228 shares were disposed of (withheld to satisfy taxes) upon partial vesting of restricted stock units granted on 9/30/2024 at a reported price of $114.50 per share. Following the transaction, Mr. Hamilton beneficially owns 86,409 shares, which includes multiple RSU grants: 18,605 RSUs vesting monthly through April 30, 2028; 23,226 performance-based RSUs eligible to vest monthly subject to stock-price conditions through April 30, 2028; 15,000 performance-based RSUs eligible to vest April 30, 2028 subject to return-on-equity performance; and 669 RSUs vesting in four remaining installments. Each RSU converts to one share on vesting.
Coastal Financial Corporation reported a quarter of mixed results for the period ended June 30, 2025. Total assets reached $4.48 billion, up from $4.12 billion at year-end, while deposits increased to $3.913 billion from $3.585 billion. Loans receivable totaled $3.540 billion, and loans held for sale rose to $60.5 million as the company sold $2.04 billion of CCBX-originated loans in the six months.
Net interest income improved to $76.737 million for the quarter versus $66.172 million a year earlier, but provision for credit losses was $32.211 million. Net income was $11.028 million for the quarter ($20.758 million for six months). Noninterest income fell to $42.693 million in Q2 from $69.138 million, driven by lower BaaS credit enhancement and indemnification income, while noninterest expense rose to $72.832 million. The allowance for credit losses was $164.794 million at quarter-end; equity totaled $461.7 million and basic EPS was $0.73.